26. Section 54 of the principal enactment is hereby amended by the repeal of subsection (8) of that section, and the substitution therefor of the following new subsection : -
| "(8) Where an individual leaves Sri Lanka in any year of assessment commencing on or after April 1, 1970, and does not return to Sri Lanka for a period of at least twelve months calculated from the date on which he leaves Sri Lanka, his profits and income from employment arising in, or derived from, any place outside Sri Lanka for the period commencing on the date on which he leaves Sri Lanka and ending on the date on which he returns to Sri Lanka and becomes resident in Sri Lanka shall be exempt from income tax.". |
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Sri Lanka Consolidated Acts